Which of the following statements are incorrect under generally accepted accounting principles?

Select one:

a. Intangible assets have finite or infinite lives.

b. A patent should always be amortized over the remaining legal life of the patent.

c. An asset that can be sold or transferred by a company is considered an identifiable asset.

d. A and B

e. B and C

f. A and C

g. All of the statements are incorrect.

h. None of the statements are incorrect.